Santander Bank $500 Business Checking Bonus

Earn a $500 bonus from Santander Bank when you open & use a qualifying business checking account.

In order to receive the $500 merchant bonus, your business must not currently have, nor have had, any Santander Merchant Services account in the last 12 months, and your business must do all of the following:

• Open a new Santander Business Checking or new Santander Business Checking Plus account by 5/31/2022 and keep it open for 90 days
• Maintain an average daily ledger balance of $3,500 or more for the first 90 days, starting the first business day after account opening

You will receive a $500 cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements.

Santander Bank $500 Business Checking Bonus

• Account Type: Business Checking
• Availability: NH, MA, RI, CT, DE, NY, NJ, PA, or FL
• Credit Inquiry: Unknown
• Credit Card Funding: Unknown
• Opening Deposit: $100
• Direct Deposit Requirement: No
• Monthly Fee: $30; waive-able
• Household Limit: One per TIN
• Closing Account Fee: None listed

(Offer Expires May 31, 2022)

Fine Print

• To receive a $500 cash bonus, your business must not currently have, nor have had, any business checking account with Santander Bank, N.A. (“Santander”) in the last 12 months, and your business must do all of the following: (i) Open a new Santander Business Checking or new Santander Business Checking Plus account by 5/31/2022 and keep it open for 90 days; and (ii) Maintain an average daily balance of $3,500 or more for the first 90 days, starting the first business day after account opening.
• Your Promotion Code must be entered at new account opening to be eligible for this offer.
• Offer is transferable until redeemed by the addressee in the corresponding letter or email and we reserve the right, in our sole discretion, to limit the number of times this Promotion Code provided in the corresponding letter or email may be used.
• The Santander business checking account must be open and in good standing to receive the $500 cash bonus at the time of bonus payment.
• You will receive a $500 cash bonus in your new Santander business checking account within 30 days of meeting all offer requirements.
• We reserve the right to decline to open an account in our sole and absolute discretion.
• We will report the $500 bonus to the IRS as interest income for the year in which it is received.
• One $500 cash bonus per business entity as identified by Taxpayer Identification Number (TIN).
• The average daily balance is the sum of the Current Balance at the end of each day for 90 days, from the first business day the account is opened, divided by 90.

Bottom Line

Make sure you check out Santander Bank to earn the business checking bonus promotion. Keep in mind that the offer may be extended, modified or discontinued at any time. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you.

We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, see our list of the latest Santander Bank Promotions or check out our full list of business bank promotions.